Marine Electricals Shares Rise Over 5% On ₹250.78-Crore Order Wins
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Marine Electricals (India) has secured three orders worth a combined ₹250.78 crore, excluding taxes, for supplying Power Distribution Systems. The contracts have been awarded by Digital Edge DC, Socomec India and STT Global Data Centres.
Marine Electricals (India) shares rose over 5% to ₹434.90 on the National Stock Exchange (NSE) on Monday after the company announced orders worth a combined ₹250.78 crore, excluding taxes.
The integrated technical services and engineering company disclosed the orders in a regulatory filing dated 28 September 2026.
The contracts mainly involve the supply of Power Distribution Systems and have been secured from three companies operating in the data centre and electrical infrastructure space.
At 11:25 AM, Marine Electricals share price stood at ₹423.55 apiece, up 2.37%.
Digital Edge Order To Be Completed In 10-12 Months
One of the orders has been received from Digital Edge DC (India) Private Limited.
Marine Electricals will supply Power Distribution Systems under the contract. The order is scheduled to be executed over a period of 10 to 12 months.
The company did not provide a separate value for the Digital Edge order in the exchange filing, with the three contracts together amounting to ₹250.78 crore before taxes.
Socomec Contract Has Four-Month Timeline
Marine Electricals has also secured an order from Socomec India Private Limited.
The company will supply Power Distribution Systems under this contract as well. The delivery period is four months, making it the shortest execution timeline among the three orders announced on Monday.
STT Global Data Centres Also Places Order
The third order has come from STT Global Data Centres India Private Limited.
Marine Electricals will again supply Power Distribution Systems, with the contract expected to be completed within 10 to 12 months.
The latest orders add ₹250.78 crore to Marine Electricals' order book across data centre and electrical infrastructure customers, with execution spread across the coming months.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
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